I intend, through trial and error, to put together a systematic process for completing this.

Take those averages and that should be your ARV within +/- 5% of error.

For others who want to vet the deal, more simple/predictable tax treatment and capitol calls timing a single asset deal is a clear winner in the syndication world.

Also, I noticed some errors and made some updates to the file.

Double posted in error - sorry. 

Had a nasty three-way call with the lender who refused to admit his error, begin yelling at everyone on the call and ended the call by asking us if we were in the business of buying crack houses.

We violated a few stormwater regulations accidentally but corrected our errors.

Hard to get even pre-estimates on some things such as fiber cement decks or electrochromatic window treatments.

This dilemma is the situation folks colloquially refer to as "double taxation".Now, if you have an LLC in the U.S.A. where you have elected it be treated as a corporation for taxation purposes, then there is no dissonance with the tax treatment of revenue between the two companies.    

Once the city announced their plan to build a water treatment plant in the area I knew it was time to get moving.